Methodology & Assumptions Actuary (2 year secondment / fixed term)

3 weeks ago

London, Greater London, United Kingdom M&G plc Full time

At M&G our purpose is to help people manage and grow their savings and investments, responsibly. As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clients and identifying new opportunities to make a positive impact for our environment and communities. To help us achieve our vision we're looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliver results and keep it simple.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

The Role:

This role requires a Qualified Actuary, or someone with substantial practical work experience at this level. The role will involve supporting the development of a variety of different tasks across the M&A team.

The role holder will report to the Head of Methodology & Assumptions. The wider team is responsible for:

  • Base balance sheet assumption setting including renewal expenses, investment management expenses, persistency, non-annuitant mortality and morbidity;
  • Quarterly experience monitoring and reporting;
  • Pension scheme deficit, methodology and expense allocation;
  • TMTP calculation methodology and ad-hoc TMTP applications;
  • Capital methodology and assumptions including non-market risk calibration methodology and dependencies reviews;
  • Various underpins including Poland, transformation, etc
  • Support Internal Model Validation, Chief Actuary, GwIA and External audit reviews and address findings;
  • IFRS17 delivery and embedding; and
  • Documentation & policy reviews

Key Responsibilities for this role:

  • To work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customers outcomes and a reduction in M&G's operational risk.
  • To lead the production and delivery of the tasks for which the role holder is responsible.
  • To ensure appropriate governance.

Key Knowledge, Skills & Experience:

  • Qualified Actuary, or quantitative specialist with similar work experience.
  • Strong technical ability in order to provide oversight of work.
  • Knowledge of life and pensions products, markets and competitors
  • Knowledge of financial services regulatory and legislative frameworks
  • Ability to identify, recommend and implement improvements to processes and policies
  • A track record of successful delivery in pressured environments with the ability to cope with competing demands.

Recruiter: Matt Campbell

Work Level: Manager / Expert

Close Date: 4th April 2023

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality or disability we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

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